Strategy, formerly MicroStrategy, bought 1,550 Bitcoin (BTC) for about $101 million between June 1 and June 7. The purchase landed two weeks after the firm sold Bitcoin for the first time since 2022.
The company announced the buy on Monday, lifting its treasury to 845,256 BTC. It also raised its cash reserve by $100 million to $1 billion, signaling liquidity management alongside its accumulation drive.
Sold High, Then Bought the Dip
The timing drew attention across crypto markets. Strategy sold 32 BTC between May 26 and 31. The average price was $77,135, raising about $2.5 million.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR$STRChttps://t.co/94TmyRWVrs
That move marked its first Bitcoin sale since 2022. The proceeds covered dividends on its STRC preferred shares, according to an 8-K filing.
The fresh purchase came far cheaper. Strategy paid an average of $65,332 per coin. That sits roughly $11,800 below its exit price.
The net effect was 1,518 additional BTC across the two-week window. The small sale equaled just 0.0038% of holdings. It tied to preferred dividend duties, not a strategy shift.
Even so, the rare disposal rattled investors. MSTR shares slipped, and social feeds filled with predictions of larger sales ahead. The new buy quickly cooled that speculation.
“Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256,” Saylor wrote in the Monday post, confirming his weekend signal.
MicroStrategy co-CEO Phong Le, had indicated the same on Sunday, emphasizing the firm’s corporate strategy.
“Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors,” Le stated.
Strategy funded the buy mainly through at-the-market equity sales. It sold about 1.41 million shares for roughly $181 million net over the period.
Bitcoin traded near $63,148 on Monday, up 1.34% over 24 hours. That price still sits well below Strategy’s $75,680 blended cost basis, leaving the treasury in a paper loss.
Separately, STRC shareholders concluded a vote on Monday over shifting to semi-monthly dividends. The first payment under the new schedule could arrive July 15.
JUST IN: Strategy $STRC shareholders' semi-monthly dividends voting just ended today. If approved, the first payment date under the new semi-monthly schedule is July 15th.
